Silver Standard Resources (SSRM) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) from a hold rating to a sell rating in a research note published on Thursday.

According to Zacks, “SSR Mining Inc. is a mining company. It focused on the operation, development, exploration and acquisition of precious metal projects. The company primarily explores for gold, silver, and mineral properties. It principally serves electronics, coin fabrication, dentistry, jewelry, other industrial, technology, pharmaceuticals and solar energy markets. SSR Mining Inc, formerly known as Silver Standard Resources Inc, is based in Vancouver, Canada. “

A number of other analysts also recently weighed in on SSRM. Scotiabank raised shares of Silver Standard Resources from a sector perform rating to an outperform rating and set a $13.00 price target for the company in a research report on Monday, September 25th. BMO Capital Markets started coverage on Silver Standard Resources in a research note on Friday, November 17th. They set an outperform rating and a $12.50 price objective on the stock. Finally, Royal Bank Of Canada restated an outperform rating on shares of Silver Standard Resources in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $12.38.

Shares of Silver Standard Resources (NASDAQ:SSRM) opened at $8.03 on Thursday. Silver Standard Resources has a 1 year low of $7.70 and a 1 year high of $12.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.96 and a current ratio of 10.42. The firm has a market cap of $963.91, a P/E ratio of 13.85 and a beta of -0.33.

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Silver Standard Resources Company Profile

SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.

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